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FxWirePro- Woodies pivot (Major) 
FxWirePro- Woodies pivot (Major) 
- USD/INR is currently trading around 63.29 marks.
- It made intraday high at 63.30 and low at 63.20 marks.
- Intraday bias remains neutral till the time pair holds key support at 63.20 mark.
- Key resistances are seen at 63.48, 63.55, 63.70, 63.96, 64.07, 64.15, 64.27, 64.48, 64.67, 64.78, 64.87, 64.95, 65.12 and 65.28 marks respectively.
- On the other side, initial supports are seen at 63.20, 63.12, 62.48 and 61.96 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- India’s NSE Nifty was trading around 0.45 percent higher at 10,551.70 points and BSE Sensex was trading at 0.54 percent higher 34,153.06 points.
We prefer to take short position in USD/INR only below 63.20, stop loss at 63.48 and target of 63.12/62.88.
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